Concerns about the future of the natural environment, prevailing social conditions, and governance of private and public institutions inspire today's ESG movement. None of these concerns are new. But they have gained much traction from the techno-communication revolution alongside a growing...

Observers of the global economy have noted that investment in infrastructure — from airports in the U.S. to power plants in Nigeria — could help boost slow and declining growth throughout the world and address challenges in both advanced and emerging economies by raising productivity,...

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This is the first exploratory field study of the U.S. inter-dealer OTC corporate bond market. We do this by analyzing the trades of a major bond dealer and through interviews with personnel at the trading desk of this dealer. We document the competitive structure of the market in terms of the...